- Plan to jointly develop industrial-scale electrolyser project for green hydrogen production
- Powered by Ørsted offshore wind, project will initially replace 20% of natural gas-based hydrogen used at bp’s Lingen refinery
- Scale of project will support future reduction in green hydrogen costs
- bp’s first full-scale green hydrogen project, a significant step in strategic development of new hydrogen business aligned with German and EU hydrogen strategies
bp and Ørsted have today signed a Letter of Intent (LOI) to work together to develop a project for industrial-scale production of green hydrogen – a significant step in developing bp’s hydrogen business. Green hydrogen is made by the electrolysis of water using renewable power, producing zero emissions.
In their proposed Lingen Green Hydrogen project, the two firms intend to build an initial 50 megawatt (MW) electrolyser and associated infrastructure at bp’s Lingen Refinery in north-west Germany. This will be powered by renewable energy generated by an Ørsted offshore wind farm in the North Sea and the hydrogen produced will be used in the refinery.
Under their LOI, bp and Ørsted will now work together to further define the project, agree definitive documents and plan to make a final investment decision (FID) early 2022, subject to appropriate enabling policies being in place. The companies anticipate the project could be operational by 2024.
KeyFacts Energy Industry Directory: Ørsted